You can make money and have a passive income while you sleep with affiliate marketing.
Affiliate linking is the most under-rated way to make money online. Why? Simply because most people don’t know enough about it!
Have you ever wondered how your favourite Instagram personality or blogger makes money? Let us enlighten you.
What is affiliate marketing?
Affiliate marketing is the process of earning a commission by promoting other company’s products. For every product you refer and make a sale, you receive a percentage of the profit.
Affiliate marketing is such a powerhouse because there is NO START UP COST. You’re recommending products to your viewers and by linking them, you make a commission. It’s that simple.
HOW DOES AFFILIATE MARKETING WORK?
The most successful form of affiliate marketing is through blogging because different affiliate programs have rules on where you’re allowed to post their links.
For example, Amazon doesn’t allow you to use affiliate links in Facebook groups or on e-mail lists.
The best way is to create your own website. You can post your blog article with affiliate links ANYWHERE with no penalty. One blog post with proper affiliate marketing can easily make you over $10,000+! That’s just for a couple hours work.
The steps to successful Affiliate Linking:
- Find Your Niche
- Build Your Website
- Create Quality Content
- Find Products To Promote That Relate
- Link Products
If you don’t already have a website or blog, I highly recommend you create one. It’s simple to set up and we offer a FREE 5 Day Blogging Course that walks you step-by-step through blogging terms, how to set up your blog in 10 minutes, make it “drag + drop” friendly, publish your first post and grow your website traffic.
Otherwise, you can check our next article: How To Start Your Own Blog For Beginners.
There are two other ways to use Affiliate Marketing if you don’t have a blog:
1. Pinterest – You can create your own pins and upload them to Pinterest. Below the “description” of your pin is where you add your affiliate link.
When someone clicks on your photo it directly takes them to where they can buy the product (aka your affiliate link).
I create all my pins on the free website Canva.
2. Instagram – This is especially successful if you have the “swipe up” option in your stories (10,000 followers or more). This is where you see most Influencers making money.
Any time they are recommending you a shirt, work out plan or kitchen tool, they attach their affiliate link so they make a commission off of your purchase. They are the reason you bought the product!
This is a win-win-win for businesses, influencers and followers!
The business saves money on marketing, the blogger promotes the product and makes a commission (which is how they can provide you with a lot of free content) and there’s no additional cost to the person buying the product.
The biggest MYTH about Affiliate Marketing
You do not need to have a huge following or 500,000 page views per month to make a killing off affiliate marketing. Just like any relationship, it all comes down to trust.
Of course, eventually you’ll want to focus on increasing your monthly viewers but you can begin making money immediately if your audience knows you’re genuine.
The 4 simple steps to making money immediately:
1 – Only promote products you love
If you promote something simply because it comes with a hefty commission you’re going to lose your audience’s loyalty really quickly. You should only be linking products you personally use or would recommend to your family and friends.
Building trust and creating a loyal following is incredibly important! If you recommend something that isn’t a quality product no one will be coming back to you for any kind of suggestion, period.
2 – Join Affiliate Networks
Many companies choose to host their affiliate programs through large affiliate networks because the network handles the payment, tracking and comes with a built in base of bloggers already seeking to promote products.
You have to fill out an application to be approved by the network before you can apply to individual programs (like BestBuy, Walmart, Etsy etc).
3 – Write a review! Think about what you are googling…
This is the easiest way I’ve found success with affiliate marketing. Think about what you’re personally searching online.
If I’m googling a product for a review, I’m usually willing to purchase something right away. I want to know all about the product, including the pros and cons or if there’s a better option.
DO NOT leave out the cons! I believe my reviews have been so popular because I always add a negative. Otherwise, it really does sound too good to be true. I love the products I promote but I’m 100% real and my posts reflect that.
3 – Focus your affiliate links with your niche
There’s nothing more cringe-worthy than seeing a blogger do a sponsored post or recommend an affiliate link for something that has nothing to do with their niche. It feels like they’re selling out and everyone can see they’re only in it for the payday. Be cautious about what you put your name behind, reputation is important.
5 – It’s not as easy as just slapping links around your post
I didn’t earn a single penny with affiliate marketing until I decided to take Michelle’s course “Making Sense With Affiliate Marketing.” Michelle runs an award-winning personal finance blog and makes over $50,000 per month on just ONE post alone!
After taking her course, I implemented her teachings and immediately made 3 affiliate sales within 24 hours. It was also my first blog post that went viral!
I knew the course would be good but I didn’t expect it to be a game changer financially. Michelle’s writing has been featured on Huffington Post, Forbes, Yahoo, Cosmopolitan Magazine, Zillow, US News and MSN.
If you’re not using affiliate marketing, you’re leaving money on the table. If you’ve ever been nervous of your viewers being turned off, I promise you I’ve never had a single complaint. Most of the time I have people asking more questions to what I’m using.
What do you think of affiliate marketing?
Reach out anytime and e-mail me at firstname.lastname@example.org or drop me a comment below!